Consolidated Financial Statements (unaudited)
Condensed Consolidated Statement of Cash Flows
For the Nine Months Ended December 31,
(millions)
Notes
2024
2023
OPERATING ACTIVITIES Net income (loss)
$
21
$
(24)
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities
11
3
38
Depreciation and amortization
104
105
Net finance expenses
15
57
59
Loss on impairment of assets Net gain on disposal of assets
1
3
-
(1)
186
180
Net change in non-cash working capital related to operations
40
29
Cash provided by operating activities
226
209
INVESTING ACTIVITIES Additions to intangible assets
(7)
(9)
Additions to property, plant and equipment
(201)
(182)
Proceeds on disposal of assets
1
5
Decommissioning costs
(8)
(10)
Cash used in investing activities
(215)
(196)
FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments Net repayment of short-term debt Proceeds from long-term debt
10
-
(14) (34)
(14) (43)
9 9 8
195
120
Repayment of long-term debt
(100)
-
Repayment of principal on lease liability
(4)
(3)
Interest paid Dividends paid
(69) (14) (30)
(62) (17) (19)
Cash used in financing activities
DECREASE IN CASH AND CASH EQUIVALENTS
$
(19)
$
(6)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
$
20
$
6
CASH AND CASH EQUIVALENTS, END OF PERIOD
$
1
$
-
The accompanying notes are an integral part of the condensed consolidated financial statements
20
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